 | |
Seth Klarman13F | |
| The Baupost Group | |
| Last update 2026-08-13 | 23 Stocks (3 new) |
| Value $5.42 Bil | Turnover 12 % |
Seth Klarman Investing Philosophy
Seth Klarman invests in a wide array of investments, ranging from fairly traditional value stocks to more esoteric investments like distressed debt, liquidations and foreign equities or bonds. Klarman doesn't mind "doing nothing" on occasion. He is completely unperturbed by the idea of sitting on the sidelines holding cash whenever investment opportunities are scarce. Investing, he cautions, is more than just producing absolute returns. Too often investors focus on that one easy number "return" and ignore the risks incurred to generate that number.
Seth Klarman's Portfolio
Seth Klarman Current Holdings
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
CME | CME Group Inc | 619,000 | 136,690.0 | New Holding | 2.520 | +2.52% | 0.170 | -4.45% | +3.64% | 98,877.1 | Capital Markets | |
AXTA | Axalta Coating Systems Ltd | 1,274,356 | 43,610.0 | New Holding | 0.810 | +0.81% | 0.600 | +24.27% | +12.04% | 7,747.5 | Chemicals | |
PS | Pershing Square Inc | 392,000 | 12,880.0 | New Holding | 0.240 | +0.24% | 0.100 | +6.57% | - | 16,024.0 | Asset Management | |
NCLH | Norwegian Cruise Line Holdings Ltd | 7,730,000 | 163,180.0 | +112.95% | 3.010 | +1.60% | 1.680 | +4.68% | -22.76% | 7,916.4 | Travel & Leisure | |
GPC | Genuine Parts Co | 2,816,178 | 332,250.0 | +88.96% | 6.130 | +2.89% | 2.040 | +38.72% | +11.14% | 18,467.7 | Vehicles & Parts | |
GDS | GDS Holdings Ltd | 3,769,818 | 113,210.0 | +23.81% | 2.090 | +0.40% | 1.880 | -6.57% | -5.87% | 6,576.5 | Software | |
AMZN | Amazon.com Inc | 3,743,854 | 892,310.0 | +20.04% | 16.480 | +2.75% | 0.030 | -3.66% | +12.05% | 2,789,664.3 | Retail - Cyclical | |
GOOG | Alphabet Inc | 1,371,931 | 484,740.0 | +16.15% | 8.950 | +1.24% | 0.010 | -10.83% | +9.05% | 4,200,158.2 | Interactive Media | |
FERG | Ferguson Enterprises Inc | 1,450,594 | 344,270.0 | +0.57% | 6.360 | +0.04% | 0.750 | +8.67% | +10.48% | 46,862.0 | Industrial Distribution | |
ELV | Elevance Health Inc | 1,275,154 | 493,140.0 | 0% | 9.110 | 0% | 0.590 | +3.17% | +15.43% | 86,864.8 | Healthcare Plans | |
V | Visa Inc | 701,355 | 240,630.0 | 0% | 4.440 | 0% | 0.040 | +12.26% | +6.43% | 698,089.5 | Credit Services | |
MOH | Molina Healthcare Inc | 633,609 | 144,910.0 | 0% | 2.680 | 0% | 1.210 | +10.50% | +15.41% | 10,455.1 | Healthcare Plans | |
HLF | Herbalife Ltd | 9,259,844 | 121,770.0 | 0% | 2.250 | 0% | 8.840 | -0.32% | -1.86% | 1,325.8 | Consumer Packaged Goods | |
AERO | Grupo Aeromexico SAB de CV | 4,880,188 | 87,840.0 | 0% | 1.620 | 0% | 3.340 | -14.14% | -37.52% | 2,001.8 | Transportation | |
AON | Aon PLC | 687,000 | 227,870.0 | -10.66% | 4.210 | -0.52% | 0.320 | +9.78% | +1.34% | 75,327.9 | Insurance | |
TFX | Teleflex Inc | 1,409,000 | 178,610.0 | -11.66% | 3.300 | -0.43% | 3.330 | +5.79% | +14.67% | 5,882.6 | Medical Devices & Instruments | |
COLD | Americold Realty Trust Inc | 6,830,230 | 107,370.0 | -12.22% | 1.980 | -0.21% | 2.390 | +7.14% | +22.77% | 4,353.6 | REITs | |
QSR | Restaurant Brands International Inc | 6,753,112 | 489,610.0 | -16.42% | 9.040 | -1.92% | 1.940 | +7.01% | +20.65% | 28,056.5 | Restaurants | |
UNP | Union Pacific Corp | 1,185,395 | 322,430.0 | -23.08% | 5.950 | -1.69% | 0.200 | +16.66% | +34.56% | 183,005.0 | Transportation | |
DNOW | Dnow Inc | 2,788,000 | 36,160.0 | -23.09% | 0.670 | -0.19% | 1.540 | +21.64% | +18.34% | 2,834.7 | Industrial Distribution |
Total 25
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